1816, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1816, MAG 318 Tower
What is 1816 worth today?
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Source: Dubai Land Department. Updated 8 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 18th of 22
- Parking
- B2-26
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 886K · November 2019
- Building
- MAG 318 Tower
About 1816, MAG 318 Tower
1816 is a studio of 440 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 24 November 2019 for AED 886,438, or AED 2,014 per sqft, 12% above the AED 1,801 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 8 February 2026, is AED 80,000 a year: a gross yield of 9.0% on the 2019 price, before the service charge of about AED 10,100 a year.
Sales and rents for 1816 over time
1816 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 318 Tower, and where 1816 sits
All 316 studios →1816 last sold in November 2019 at AED 2,014 per sqft, 12% above what studios in MAG 318 Tower were fetching at the time (AED 1,801). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year. 1816's AED 80,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.
- Typical price per sqft
- AED 2,286 Down 5.7%
- Typical sale
- AED 1.08M
- Typical rent
- AED 79K /yr
- Typical yield
- 6.1%
Other units on the 18th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1801 | 1-bed | 819 sqft | AED 1.75MAED 1,750,000 · Jul 2026July 2026 | 122,000 /yr | |
| 1802 | 2-bed | 967 sqft | AED 2.15MAED 2,150,000 · Aug 2025August 2025 | 130,000 /yr | |
| 1803 | Studio | 438 sqft | AED 824KAED 824,196 · Sep 2020September 2020 | 68,000 /yr | |
| 1804 | Studio | 433 sqft | AED 760KAED 760,000 · Jun 2019June 2019 | 77,000 /yr | |
| 1805 | Studio | 432 sqft | AED 861KAED 861,000 · Jun 2022June 2022 | ||
| 1806 | Studio | 433 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 75,000 /yr | |
| 1807 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | ||
| 1808 | Studio | 433 sqft | AED 846KAED 845,620 · Mar 2021March 2021 | ||
| 1809 | Studio | 433 sqft | AED 796KAED 796,000 · Jul 2018July 2018 | 60,000 /yr | |
| 1810 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 75,000 /yr | |
| 1811 | Studio | 436 sqft | AED 811KAED 810,710 · Jan 2019January 2019 | ||
| 1812 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 127,340 /yr | |
| 1813 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 1814 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 170,000 /yr | |
| 1815 | Studio | 444 sqft | AED 760KAED 760,000 · Oct 2021October 2021 | 67,000 /yr | |
| 1817 | Studio | 441 sqft | AED 826KAED 826,392 · Jan 2019January 2019 | ||
| 1818 | Studio | 441 sqft | AED 886KAED 886,438 · Jan 2021January 2021 | 60,894 /yr | |
| 1819 | Studio | 440 sqft | AED 1.04MAED 1,040,000 · Jan 2024January 2024 | 65,000 /yr | |
| 1820 | Studio | 441 sqft | AED 1.15MAED 1,150,000 · Dec 2025December 2025 | ||
| 1821 | Studio | 440 sqft | AED 1.06MAED 1,060,000 · May 2025May 2025 | ||
| 1822 | Studio | 441 sqft | AED 850KAED 850,000 · Jul 2026July 2026 | 52,000 /yr | |
| 1823 | Studio | 446 sqft | AED 1MAED 1,000,000 · Dec 2023December 2023 | 75,000 /yr | |
| 1824 | 2-bed | 1,043 sqft | AED 2.27MAED 2,270,000 · Sep 2024September 2024 | 155,000 /yr |
1816, MAG 318 Tower in numbers
- Sold once: by MAG on 24 November 2019 for AED 886,438, or AED 2,014 per sqft.
- Rented since February 2022 on 6 Ejari contracts, from AED 63,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2019 price is 9.0%, before a service charge of about AED 10,100 a year (AED 23.06 per sqft).
- Studios in MAG 318 Tower sold for AED 850,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.
Source: Dubai Land Department. Updated 8 February 2026.
Questions about 1816, MAG 318 Tower
What did unit 1816 last sell for?
AED 886,438 on 24 November 2019, sold by the developer: AED 2,014 per sqft for 440 sqft. It is the only registered sale of the unit.
What is the rent for unit 1816?
AED 80,000 a year on the contract signed on 8 February 2026. The previous contract, from July 2025, was AED 71,000; the unit has been rented since February 2022.
How big is unit 1816?
440 sqft (40.9 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.
What is unit 1816 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.
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Mortgage on 1816, MAG 318 Tower
Starts from the last sale price (AED 886K, 24 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 886,438
- Deposit, UAE resident (20%)
- AED 177,288
- Deposit, non-resident (40%)
- AED 354,575
- Monthly over 25 years at 3.7%
- AED 3,627
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →